HENSOLDT AG

HAG

Equity

ISIN DE000HAG0005 / Valor 56875079

Xetra (2024-12-23)

EUR 34.62+2.24%

HENSOLDT AG
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About company

HENSOLDT AG is a high-tech company specializing in intelligence and reconnaissance sensors, electromagnetic spectrum control solutions, and mission avionics systems for defense and security customers. Their product portfolio covers air, sea, and land missions, with solutions deployed on various platforms such as aircraft, ships, submarines, and satellites. As a technology leader, HENSOLDT continuously expands its Cyber portfolio to combat threats through innovative data management, robotics, and cybersecurity approaches. The company is committed to sustainable pioneering work in technology and human potential, supporting initiatives for sustainable investment in local communities, education, employees, and the environment.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

HENSOLDT AG reported a significant increase in revenue for H1 2024, driven primarily by the TRML-4D radar systems. The company's revenue reached €726 million, reflecting a 17% growth compared to H1 2023. This growth was attributed to strong performance in the Sensors segment and a well-balanced revenue stream between Germany and Europe.

Order Intake

HENSOLDT AG achieved a record order intake of €1,359 million in H1 2024, marking a 27% increase from the previous year. This surge was driven by substantial orders for NNbS, ESSI (TRML-4D and Spexer radars), and TRS-4D radars for the F126 frigates. The book-to-bill ratio stood at an impressive 1.6x, indicating strong future revenue potential.

Profitability

HENSOLDT AG's profitability saw a notable improvement in H1 2024, with an adjusted EBITDA of €103 million, up by 26% from H1 2023. The core margin excluding pass-through revenue increased to 13.2%, driven by economies of scale in the radar business and effective cost management. However, investments in growth and digitalization partially offset these gains.

Order Backlog

HENSOLDT AG's order backlog reached a record level of €6.6 billion by the end of H1 2024, providing excellent visibility for future revenue. This robust backlog was supported by strong order intake and efficient project execution, ensuring a stable foundation for continued growth in the coming quarters.

Guidance and Outlook

HENSOLDT AG confirmed its guidance for FY 2024, expecting revenue to grow to approximately €2 billion with an adjusted EBITDA margin of 19-20%. The company anticipates further major contracts in 2024 and has a strong basis for executing its record order book, particularly in the Optronics segment. The outlook remains positive with expected long-term sustainable growth driven by increased defense budgets.

Summarized from source with an LLMView Source

Key figures

44.6%1Y

175%3Y

%5Y

Performance

39.9%1Y

47.7%3Y

43.9%5Y

Volatility